https://www.taxtmi.com/caselaws?id=299261 The Supreme Court directed the Company Judge to reexamine the application for validation of property disposition in a case involving a Company in liquidation. The Court emphasized the need to consider all creditors' interests, asset lists, and the timing of transactions in relation to the winding up process. The High Court was instructed to reconsider the matter without bias and maintain the status quo regarding possession of the lands with respondent No. 1, prohibiting any further encumbrance or alienation. The appeal was disposed of without costs, allowing both parties to make further submissions. en-us Fri, 24 Apr 2009 00:00:00 +0530 Wed, 08 Dec 2021 15:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299261 The Supreme Court directed the Company Judge to reexamine the application for validation of property disposition in a case involving a Company in liquidation. The Court emphasized the need to consider all creditors' interests, asset lists, and the timing of transactions in relation to the winding up process. The High Court was instructed to reconsider the matter without bias and maintain the status quo regarding possession of the lands with respondent No. 1, prohibiting any further encumbrance or alienation. The appeal was disposed of without costs, allowing both parties to make further submissions. Case-Laws Indian Laws Fri, 24 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299261